Sorry a bit remiss in our duties. Following 10K by TARM of course of major interest to TRGD shareholders .AS TARM goes, so goes TRGD and possibility of dividend being realized.
"Form 8-K for TARA MINERALS CORP.
16-Jan-2014
Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement
On January 9, 2014, Tara Minerals Corp. entered into an Investment Agreement with Panormus Trust and Investments Ltd. and Mediterranea Trust Ltd., collectively referred to as MTI.
The Agreement grants MTI the right to invest in Tara Minerals through the purchase of up to U.S. $2,025,000 in the restricted common stock of Tara at U.S. $0.30 per share and a targeted loan of U.S. $4,725,000 for the development of the Don Roman project (the "Don Roman Project Loan"). The investment is structured as a combination of a private placement and a loan for tax efficiency.
The targeted Don Roman Project Loan will be used to advance the Don Roman Project to commercial production and is payable from 49% of the net income realized from the minerals recovered from the concession area of the Don Roman Project. Initially, MTI's 49% net income interest will be designated as loan repayment. Once the loan has been repaid, MTI will continue to receive 49% of the net income realized from the Don Roman Project.
Tara Minerals and MTI will form a Management Committee which will oversee operations based on a committee approved Business Plan. The loan proceeds will be released from a segregated account based on approved expenditures.
The Don Roman Project is 100% owned by Tara and located in the State of Sinaloa, Mexico.
